The following information and image is from an annually compounded interest account. What is the annual interest rate, r for this account?Round your answer to the nearest hundredth of a percent.
The following information and image is from an annually compounded interest account. What is the annual interest rate, r for this account?Round your answer to the nearest hundredth of a percent.
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.5: Percents
Problem 21OE
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Question
The following information and image is from an annually compounded interest account. What is the annual interest rate, r for this account?Round your answer to the nearest hundredth of a percent.
![Years,
t
O
16
B(t)
$861
$1.281.49](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F133ec179-ffe4-4b0d-b157-606f616bac70%2F84c8902c-3774-485a-b1d3-87a543323b5e%2Fw2o4m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Years,
t
O
16
B(t)
$861
$1.281.49
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